Share purchase by PCA of non-executive director

RNS Number : 1960W

Seeing Machines Limited

14 August 2020

 

Seeing Machines Limited

14 August 2020

Share purchase by PCA of non-executive director

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, was notified that on 11 August 2020, Lombard Odier Asset Management (Europe) Limited, a person closely associated (PCA) with Michael Brown, a director of the Company, purchased 7,000,000 ordinary shares in the Company ("Shares") at a price of 3.2 pence per Share.

Following this transaction Lombard Ordier Asset Management (Europe) Limited is interested in 672,434,944 Shares, representing 19.98 per cent. of the issued share capital of the Company.

	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Lombard Odier Asset Management (Europe) Limited
	Reason for the notification
a)	Position/status:	A person closely associated with Michael Brown, Non-Executive Director of the Company
b)	Initial notification/Amendment:	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Seeing Machines Limited
b)	LEI:	549300LNJJPZ2SU7A197
	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of Identification Code	Ordinary shares of nil par value ISIN: AU0000XINAJ0
b)	Nature of the transaction:	Issue of performance rights and share options
c)	Price(s) and volume(s):	Price(s) Volume(s) 3.20 pence 7,000,000 Total 7,000,000
d)	Aggregated information: · Aggregated volume: · Price:	Aggregate Total Volume(s) £224,000 7,000,000
e)	Date of the transaction:	2020-08-11
f)	Place of the transaction:	London Stock Exchange

Enquiries:

Seeing Machines Limited	[phone]
Paul McGlone - CEO Sophie Nicoll - Corporate Communications
Cenkos Securities plc (Nominated Adviser and Broker) Neil McDonald Pete Lynch	[phone]
Stifel Nicolaus Europe Limited (Joint Broker)	[phone]
Alex Price Nick Adams

The person responsible for arranging the release of this announcement on behalf of Seeing Machines is Sophie Nicoll, Corporate Communications.

About Seeing Machines (LSE: SEE), a global company founded in 2000 and headquartered in Australia, is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. Seeing Machines' technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators. The technology spans the critical measurement of where a driver is looking, through to classification of their cognitive state as it applies to accident risk. Reliable "driver state" measurement is the end-goal of Driver Monitoring Systems (DMS) technology. Seeing Machines develops DMS technology to drive safety for Automotive, Commercial Fleet, Off-road and Aviation. The company has offices in Australia, USA, Europe and Asia, and supplies technology solutions and services to industry leaders in each market vertical.

www.seeingmachines.com

 

END

 

 

DSHGCGDIDUBDGGS